Back in 2012, I interviewed the late Parag Parikh when he was about to launch PPFAS Mutual Fund. Besides his contrarian investing style, the one thing that stood out about him was his refreshingly candid take on things. This was when mutual funds were witnessing outflows for years and assets under management stood at a little over Rs 5 lakh crore - largely debt-oriented. When I asked him how he planned to garner investments at a time when mutual funds weren't in favour, he said: "By being on the side of the investor". He then pointed to a note he had gotten stamped on the physical prospectus of the AMC's inaugural equity fund that said: "Please do not invest in this fund if you can't remain invested for at least five years". I can't draw a straight line from the note to PPFAS' outperformance over the past decade, and the swelling of its assets. But surely, sobering investors' expectations when the temptation is to oversell helps attract...
Millions of viewers are following the latest season of Love Island USA, and it turns out Amy Adams is one of them. The actress revealed that she is a big fan of the dating reality show, but made it clear that viewers should not expect to see her walking into the villa as a contestant anytime soon. During an appearance on The Tonight Show Starring Jimmy Fallon, Adams spoke about her love for the series and shared why taking part in it will be extremely difficult for her. While she enjoys watching the drama, relationships and surprises, she joked that many parts of the experience sound like her worst nightmare. Adams pointed to several things that will make life in the villa challenging, including constantly being around strangers, socialising all day, spending time in the sun and wearing swimwear. She also shared a funny observation about the show that many fans may have overlooked. According to her, there's very little shade around the villa. Amy Adams said, “I'm a little...